Spain's Banco Santander (SAN -4%) is successful in raising $4B as Mexican subsidiary Grupo...

|About: Banco Santander S.A. (SAN)|By:, SA News Editor

Spain's Banco Santander (SAN -4%) is successful in raising $4B as Mexican subsidiary Grupo Financiero Santander (BSMX +7.8%) dually lists in Mexico and the U.S. Analysts say the Mexican unit should see solid demand in the U.S., since it's part of a strong banking franchise plus “indiscriminate demand” via index trackers as it will be represented by all of the respective ETFs.